Newflash: Coinbase Earn, Bithumb manipulation accusations, Bitcoin Cash rises over 40%

Coinbase recently announced the Coinbase Earn program, where users can earn 0x tokens (ZRX) while relaxing while watching videos and asking quiz questions on crypto and blockchaint topics. Currently, the program only works on a referral basis, but anyone can watch the entry-level videos on the website.

Coinbase, in a survey conducted in collaboration with eToro, found that the biggest hurdle for people interested in crypto currencies is still the lack of knowledge about the topic. Coinbase wants to counter this knowledge gap and therefore provides tutorials that offer a wide range of information. Nevertheless it has to be said that the platform is promoted by 0X and this token appears very prominently, e.g. there are instructional videos which concentrate on the peer-to-peer handle of 0x and mention Bitcoin only marginally.

Bithumb is said to have manipulated trading volume

The Korean stock exchange BIthumb is suspected to have manipulated the trading volume in order to encourage traders to trade on the exchange. A study by Crypto Exchange Ranks (CER) claims that Bithumb “optimized” trading volume in the second half of 2018 due to falling prices. According to the report, there are a number of irregular patterns that indicate manipulation.

The facts are currently being reviewed and the next steps are being prepared. According to further reports, the only stock exchanges that do not “fake” their trading volumes are Binance and Bitfinex.

Bitcoin Cash shows short-term 50% rise

The crypto market has recovered in total over the last few days. Almost all courses write green numbers, Bitcoin Cash registers the largest course rise with a 50% plus within the last 24h on a price of 181,20€. The experts of the industry speculate at present where the reasons for this reversal lie. Some analysts describe the strong support at the 3,000 USD level where Bitcoin bounced off. Joe DiPasquale, CEO of the crypto hedge fund BitBull Capital, explains (freely translated):

Yes, the $3,000 support level and a short squeeze have helped the Bitcoin price, there is also a lot of media coverage in which Mark Dow closes his short position he opened when Bitcoin was around 19,000 USD.